T-Robotics (KOSDAQ:117730) secured an order for an automated guided vehicle (AGV) retool from Ford Energy Battery, according to a Thursday filing with the Korea Exchange.
The contract, valued at 15 billion won, is valid till June 3, 2028
Shares of T-Robotics rose nearly 3% in recent trade.
Ennoconn (TPE:6414) unit Vecow approved a public tender offer to acquire common shares of Lex Computech, according to a Wednesday Taiwan Exchange filing.The investment is part of a financial investment strategy aimed at boosting long-term returns and strengthening cooperation between the companies.The offer price is NT$48 per share in cash, with Vecow depositing NT$240.0 million into a trust account managed by Mega Securities to fund the transaction.The tender offer is scheduled to run from June 4 to July 8.The completion of the offer remains subject to approval from Taiwan's Ministry of Economic Affairs' Investment Review Department before the tender offer expires.
Resources Global Development (SGX:V7R) plans to subscribe to its pro-rata entitlement of around 111.8 million shares in Indonesia-listed PT Singaraja Putra (IDX:SINI) for around SG$40 million, according to a Wednesday filing with the Singapore Exchange.Shares of the coal company were up over 9% in Thursday trading.The company currently has a 15.49% stake in Singaraja through its subsidiary, Batubara Development.The subscription exercise will enable Singaraja to raise the funds needed to acquire a majority stake in Kemilau Mulia Sakti and to repay existing debt.The company will now look to convene an extraordinary general meeting to secure shareholder approval.
China Southern Power Grid halted efforts to gain control of Transelec, Chile's largest power transmission company, following about two years of negotiations, Bloomberg News reported Wednesday.The Chinese state-owned electricity enterprise, which already holds nearly 28% of Transelec, ended talks with Canadian pension funds owning the remaining 72% stake, the report said, citing people familiar with the matter.The sources said the potential transaction, valued at over $4 billion, faced disagreements over valuation and structure, Bloomberg reported.However, the broader political environment also weighed heavily on the talks, as the U.S. urged Latin American governments to scrutinize Chinese investments in critical infrastructure, the sources reportedly said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)